Church Extension Plan
Client Reviews on Church Extension Plan
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Have talked to many pastors in the past month who have a worked with CEP and all have boasted about the ongoing relationship and incredible service!
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CEP has been an amazing partner in ministry. They have assisted our church body in several ways and when we came upon difficult times, they were there to help in ways that we never anticipated. I highly recommend working with them.
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Great ministry and partner!
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Church extension plan has been an incredible partner to us over the years. We have found them to be trusted partners in expanding the Kingdom through our local church. We have done everything from refinance existing loans and purchasing properties in other states, to building brand new campus buildings in new cities with CEP. They are flexible and professional. Highly recommend them.
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Our church has worked with CEP for decades, and they have always been professional, understanding of the unique needs and life cycles of ministry, as well as proactive about things that are in the best interest of the church. Great people who care.
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Be careful. Notice that it is not FDIC insured. Our church found out that our pastor took out 4 mortgages in the last 10 years from CEP and the pastor before him took out another one. That makes 5 mortgages on our property. The mortgages totaled 1.8 million when we only had under half a million in building permits. In addition, the only thing we had done was two remodel jobs and the last one we raised enough funds to pay for the remodel - so we are left wondering just how they got a mortgage and why? Also, as of our churches 2010 financial statements the total debt on us was larger than the original amount of the mortgages! Either we had other long term debt or CEP let the church pay interest only - and the first mortgage was taken out in the 90's! Substantial principal should have been paid down by now. Thought if you invested in CEP the $ went to build or expand churches. If all money has been invested like it was in our church then I would be very concerned.
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